Speculative sentiment toward the Canadian dollar showed a notable shift, with net short positions narrowing significantly, according to the latest CFTC data released on 18 September 2026.
The CFTC CAD speculative net positions improved from a previous reading of -70.5K to -37.6K, indicating that investors have scaled back their bearish bets against the loonie. While positioning remains in negative territory, the sharp reduction in net shorts suggests waning pessimism and a more balanced outlook for the Canadian currency.
Market participants may interpret this move as a sign that downside pressure on the CAD is easing, as fewer traders are positioning for further weakness. The change in sentiment could reflect evolving expectations around Canada’s economic prospects, interest rate path, or broader risk appetite in global FX markets.
